J T Hairston Memorial Apartments Inc

Analysis

J T Hairston Memorial Apartments Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in August 1991, 35 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, J T Hairston Memorial Apartments Inc reported income of $1.4m and spending of $1.5m, spending 106% of what it took in. Across the 5 years on record, from May 2020 to May 2024, income grew from $1.0m to $1.4m (+41%), an average of +8.9% a year. The sharpest change came in the year to May 2024, when income rose by 33%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, J T Hairston Memorial Apartments Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within NC. Charities of a similar size with the same main cause include Community Counseling Center of San Luis Obispo County ($1.4m), Habitat for Humanity International Inc ($1.4m) and International Consumer Product Health & Safety Organization ($1.4m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 83% and program service revenue 17% of the total. At year end it held assets of $3.7m against liabilities of $4.4m, net assets of -$722k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.